Many people who live in those towns you describe work in McKinney, Plano and other parts of the suburbs. I’m not saying you’re wrong because there certainly are those people that make those commutes. I personally know a dev who lives in Prosper and another who lives in Melissa and they both commute to Las Colinas! Their reasoning was home affordability, home value growth, and school quality.
Many people do, I agree! I'm not trying to paint it as everyone living there does have an hour commute, it's true many don't.
But yeah, go work a job in Addison, Las Colinas, deep in Plano, etc. You'll find a lot of coworkers living in Farmersville, Prosper, Melissa, etc.
> Their reasoning was home affordability, home value growth, and school quality
This is yet another set of data points showing what I'm talking about, thank you. These people live there because it was cheap when they bought it, they expect the metroplex to keep growing increasing the value of their eventually "closer in" home from where the outskirts will be in a decade, and schools are better than other places they might have afforded to buy. Am I wrong?
In the end transit time to the American Airlines Center to watch a Mavericks or Dallas Stars game didn't matter. It didn't matter it wasn't the restaurant capital of the region.
And I don't blame them, that was the choice they were given with the options presented. Housing in the US is a mess, and it seems few get what they'd really prefer they just have to live with the tradeoffs of what's on the market at the time.
> These people live there because it was cheap when they bought it, they expect the metroplex to keep growing increasing the value of their eventually "closer in" home from where the outskirts will be in a decade, and schools are better than other places they might have afforded to buy. Am I wrong
I think you are wrong, yes
Could be I'm the one who is wrong, but I don't think most people buy homes with this sort of speculation in mind. Most people are just looking for the most comfortable and nicest house they can afford on their budget, and probably don't actually think too much about "what might be built later"
The person I replied to used the phrase "home value growth" in relation to a rapidly developing town.
Definitely anecdotal, but I know of several families which decided to move to certain areas which were rapidly developing at the time based on the projected value growth from the planned new developments. For example, lots of people I know moved from Dallas/Plano/Richardson area to Frisco during the explosive growth of Frisco to get in on that rapid development growth, buy a house cheap today in seemingly the middle of nowhere which will become a massively developed area in the next 10 years, sell the house and move to Prosper where the same will happen, on and on until I guess we hit Oklahoma. I know people who moved to The Colony when the rumors of the Grandscape development started and talk of Toyota moving to the area, expecting home values to rise.
I'm sure people living in places where development is a lot more static probably don't buy with these ideas in mind. But from what I've seen again in again in DFW and Houston and Austin and San Antonio it seems to be a pretty common mindset.
